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Weekly CPO Forecast - 7 Apr - 11 Apr 2014

 
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hc
Senior Member


Joined: 24 Oct 2007
Posts: 364
Location: KL, M'sia
PostPosted: Sun Apr 06, 2014 5:49 pm    Post subject: Weekly CPO Forecast - 7 Apr - 11 Apr 2014 Reply with quote
Dear Traders & Investors,

Good day everyone !

Crude Palm Oil (FCPO) on Bursa Derivatives closed at 2659 in June contract. Market jumped from 2597 lows as we predicted last week. Roll-over activities will be expected to begin after mid this week. The sentiment is now moving into upward correction as we foresee the ascension might reach 2730 -2750 regions in coming week. Support will be resilient at 2600 grounds for time being while we expect general commodities will be firmer this week.

Have a great week ahead ! Laughing

On Behalf of Dar Wong.
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